Memorandum on partnership between Ministry for Agrarian Policy and grain-traders signed

Meeting held by Vice Prime Minister Andriy Klyuyev resulted in signing Memorandum on partnership between the Ministry for Agrarian Policy and professional organizations, operating in grain market, Cabinet's press office reported.

During the meeting it was emphasized, that nowadays the whole world faces the period of underproduction of bread-grain which leads to noticeable increase of prices in the world market and, consequently, in the home market of Ukraine. “We have to clearly understand that position of the Government on the whole is every possible support for increase of export volumes and reaching positive balance in foreign trade, but at the same time we should keep primary the task to guarantee safety of country’s foodstuffs,” Andriy Klyuyev claimed.

Touching upon the situation, which appears in 2006-2007 marketing year, the participants to the meeting informed that grain production is predicted to yield 35.3 mln tons, where wheat totals up to 14.3 mln tons, out of which food wheat production equals 9 mln tons. According to all-Ukrainian association of bakers, enterprises of baking industry need total of 5 mln tons of food-grain in the present marketing year.

Memorandum on partnership between the Ministry for Agrarian Policy and professional organizations, operating on grain market was signed by the Minister for Agrarian Policy Yuri Melnyk and president of grain association Volodymyr Klymenko. This document contains definite mechanisms of interaction of grain market participants, exchange of information, monitoring of grain market.

Vice Prime Minister Andriy Klyuyev stated his confidence that the present meeting and signing the Memorandum “will become the next step in the development of agrarian market and formation of firm base of interaction as well as effective methods of cooperation between businessmen and state structures of the agroindustrial complex.” In addition, he promised that “Government will control execution of the signed Memorandum on partnership with grain-traders in the grain market.”